How do I register my PCD pharma franchise company?

PCD Pharma Franchise is a business model in the pharmaceutical industry where a company grants the rights to an individual or a group to sell their products in a specific geographic area under the franchise's brand name. PCD stands for "Propaganda Cum Distribution," which means that the franchisee promotes and distributes the products in their designated area. In this model, the franchisee has to invest in the business, but they get to enjoy the benefits of a well-established brand name and products. They also receive support from the parent company in terms of marketing, product training, and other operational aspects. In exchange, the franchisee has to follow the rules and regulations set by the parent company and ensure the quality of the products sold under the brand name. Pharma Franchise is a popular business model in the Indian pharmaceutical industry, where many companies offer franchise opportunities to individuals or groups interested in starting a business in the healthcare sector.If you want to register your PCD (Propaganda cum Distribution) pharma franchise company in India, you need to follow the below steps:

(1). Choose a unique name for your company.

The first step is to select a unique name for your PCD pharma franchise company. The name should not be similar to any other registered company name.

(2). Obtain Digital Signature Certificate (DSC).

You need to obtain a digital signature certificate for the proposed directors or partners of the company. This is mandatory for filing the registration forms online.

(3). Apply for Director Identification Number (DIN).

Obtain DIN for all the proposed directors of the company. This can be done online by submitting the required documents.

(4). Apply for the company registration

Register your company with the Registrar of Companies (ROC) by filing the required forms along with the documents like MOA (Memorandum of Association), AOA (Articles of Association), and other necessary documents.

(5).Obtain the PAN and TAN

Once the company registration is completed, apply for PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for the company.

(6).Register for GST

If your company's annual turnover exceeds the specified limit, you need to register for GST (Goods and Services Tax).

(7). Obtain necessary licenses

You need to obtain necessary licenses like Drug License, Wholesale License, and Retail License from the concerned authorities to operate your PCD pharma franchise company.

(7). Bank Account Opening

After obtaining all the necessary registrations and licenses, open a bank account in the name of the company.

conclusion

By following these steps, you can register your PCD pharma franchise company and start your operations legally. It is advisable to seek professional assistance to ensure that all the legal requirements are fulfilled.